.08 a pound for ferrous? That works out to $160 a ton. I think you could find a better yard that pays more. You should be getting $200 a ton at the minimum, especially being so close to a port.

At my local yard it is $160. ton for appliances and $230. ton for light steel/tin.

Scrap happy, what yard did you go to because I think you got low balled on the ferrous price. I am on the island too and since I started in March I haven't gotten less than .11# for my scrap metal. The two I use are Gershow which has 8 yards all over the island and 2 brothers which is on rte 110. Both yards have been good to me and helpful.

As for the ferrous stuff (this is important), at the yard that I go to they have 3 types of ferrous pricing.
1. Tin: this is thin metal, stuff that comes off of appliances and other thin metals. $200 a ton (.10 cents per lb)
2. #1 unprepared: This is thicker metal (3/8in thick and up) and longer than 4ft. $260 a ton (.13 cents per lb)
3. #1 HMS: This is steel 3/8 and up but, shorter than 4ft. $290 a ton (.145 cents per lb)



Yeah I'm definitely gonna to ask for a better price on ferrous next time around. That along with the sorting advice mrsamsonite gave me and I should be able to do a bit better with it.